Asian stocks slide as China stimulus disappoints; bitcoin extends record rally

By Kevin Buckland TOKYO (Reuters) – Hong Kong stocks led declines in Asia on Monday after Beijing’s latest stimulus fell short of investor expectations, overshadowing Wall Street’s record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump’s victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment.

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Trump pressures GOP Senate leadership hopefuls to fill cabinet quickly | Donald Trump News

President-elect says leadership candidates must agree to allow him to bypass Senate confirmation votes for appointees. US President-elect Donald Trump has said that any Republican lawmaker vying to be a party leader in the United States Senate must allow him to appoint cabinet officials without a confirmation vote in the chamber. Republican senators are in the process of picking their next leader, who will wield significant power come January after

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PM responds to Post Office campaigner after repeated requests

BBC Sir Keir Starmer has responded to a letter from Sir Alan Bates calling for faster compensation payments for postmasters impacted by the Post Office scandal, the prime minister’s spokesman has said. Sir Alan wrote to the PM twice in the past month, urging him to ensure victims receive full financial redress by March next year. The former sub-postmaster told MPs earlier he was still awaiting a response, before the

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Harris’ rise in polls sparks wave of wealth transfers to kids

Dimensions | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The tightening presidential race has touched off a wave of tax planning by ultra-wealthy investors, especially given fears of a higher estate tax, according to advisors and tax attorneys. The scheduled “sunset”

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Asia stocks fall as China stimulus disappoints, deflation persists By Investing.com

Investing.com– Most Asian stocks fell on Monday (NASDAQ:) as fresh fiscal stimulus from China largely underwhelmed, while data over the weekend showed deflation in the country remained in play.  Regional markets brushed off a strong lead-in from Wall Street, which rose on Friday and remained at record highs amid persistent optimism over a Donald Trump presidency. U.S. stock index futures rose in Asian trade, with focus turning to upcoming inflation

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NASA clears $5 billion Jupiter mission for launch after review of suspect transistors

After an exhaustive review of suspect transistors in NASA’s Europa Clipper spacecraft, NASA managers have cleared the probe for launch next month as planned on a $5.2 billion mission to find out if a suspected sub-surface ocean on Jupiter’s icy moon Europa is a habitable environment. The transistor issue cropped up in May, raising fears the scope of the Clipper’s mission might have to be reduced or the flight delayed

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India Ready to Weaken Rupee in Line With Yuan After Trump Win

(Bloomberg) — India’s central bank is ready to let the rupee weaken in tandem with the Chinese yuan after Donald Trump’s election win spurred fears of higher US tariffs, according to people familiar with the thinking of policymakers. Most Read from Bloomberg A depreciating yuan will lower the cost of Chinese goods, potentially leading to more imports and further widening India’s biggest trade deficit with any country. The Reserve Bank

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China schedules meeting expected to reveal fiscal stimulus details

A general view shows the skyline over the central business district in Beijing on Feb. 28, 2023. Jade Gao | Afp | Getty Images BEIJING — China’s parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation. Investors have been awaiting news of the gathering of the standing committee of the National People’s Congress, which is expected to announce details

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